Today's ever-expanding supply chain offers businesses greater opportunities for efficiency and success in the growing global business environment. The instantaneous and constant flow of data, products and services around the world, however, brings with it a greater risk of violating the numerous and often complex U.S. trade compliance laws and regulations. Businesses that fail to set up policies and procedures to ensure compliance face risks ranging from shipment delays to hefty fines and penalties.
Mid-market companies are increasingly at risk for violating U.S. export regulations, even as U.S. export volumes continue to grow, according to a report released by Amber Road, a provider of global trade management solutions.